Top 3 Coins to Watch September 23 - September 29, 2019

As we close out September, and move closer towards the end of the year, this week’s choices are set to benefit from significant developments and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.

1. Bitcoin (BTC)

Bitcoin (BTC) is regarded as the world’s first decentralized digital currency, and was created in 2009 by a pseudonymous figure named Satoshi Nakamoto. Bitcoin is a deflationary currency whose issuance is capped at a total supply of 21 million coins. Bitcoin is the most popular cryptocurrency and is traded on various exchanges and is also used in peer-to-peer transactions.

Why Bitcoin?

After much anticipation, Bakkt is set to officially launch and begin offering physically-settled Bitcoin futures from September 23 forward. Bakkt will run under its parent company, the Intercontinental Exchange (ICE), which will process all trades, and two Bitcoin futures contracts will be offered from the launch date, namely Bakkt Bitcoin (USD) Daily Futures, and Bakkt Bitcoin (USD) Monthly Futures. As the market continues to move sideways, there is a great deal of anticipation regarding the impact of the Bakkt launch on the price of Bitcoin. As a result, all eyes will be on the price of BTC over the coming weeks.

2. Icon (ICX)

ICON is an interconnecting blockchain network that connects independent blockchains without the need for additional intermediaries and the ICON team provide unique blockchain solutions to banks, hospitals, and universities. The ICON platform represents the next generation of blockchain technology and aims to bring forth decentralized applications (DAPPs) that can be used swiftly and securely by a variety of institutions and communities.

Why Icon?

After announcing that their P-Rep Pre-Voting event would run until September 24, the team have decided to extend the period until October 29. Icon will give away up to 3 million ICX over this period as a reward for early adopters of staking and voting. The extension also covers the testing period for decentralising the network to ensure that P-Reps can operate the ICON Network once the decentralization process has been completed. ICONists and P-Rep candidates are set to engage in the voting process which involves delegating stakes to the right candidate who can become a public representative.

3. Lition (LIT)

Lition is a highly scalable blockchain project aimed at various businesses and enterprises. The project incorporates both public and private blockchains and enables the deletion of data. This allows companies using Lition to remain GDPR compliant and the team are working in conjunction with SAP, the world's largest producer of business software.

Why Lition?

The team ran a successful ICO earlier this year, and have secured collaborative partnerships with Lawpilots, Nesa Capital, and two cooperatives of Germany’s VR Bank. The LIT token has also been integrated into the Binance Chain ecosystem as a BEP-2 token and the team are set to announce their mainnet this week. The team have recently announced the details of staking on their network and the mainnet launch will enable LIT holders to engage in staking as well as create sidechains that can be used for a variety of cases.

How did the coins perform last week?

The seven day period led to mixed results across the market, and the same applied to the previous week's coins to watch. DASH grew by 4% in value and is currently trading at around $93.50. ETC fell by around 5% in value, and is currently trading at $6 and LSK grew by around 3% in value and is currently trading at $0.97. Over the course of the week, the market moved sideways and fluctuated between $267B and $265B.